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How’s it going everybody this is beat the bush today i’m gonna show you how i earned a tesla by buying and selling tesla stock now this video is not meant to flex or show off or anything i really am making this videos to show you guys what i exactly did yes it involved risk because i had to buy tesla stock it is very volatile but what happened is after all the buys
And sells i trade it within the band while the amount that i bought wasn’t all that much because you can definitely go around buying like a million dollars worth of tesla stock 4% they right there you can buy a whole tesla already but this is not what i did i bought very few number of shares and i just kept on trading buying and selling buying low selling high
Within a certain band and then this is how i was able to do it before i begin don’t forget to hit that like button because it really helps out my channel and if you’re interested in getting more of my videos hit that subscribe button and ring that bell icon this video is sponsored by weeble if you’re interested in buying and selling without paying any commission
Cost and as well as if you do sign up and deposit more than $100 into your account you’ll get a free stock worth anywhere between 8 and $1000 check out my referral link down in the video description below anybody following tesla stock you probably noticed that it made a huge jump of twenty percent in one day and then the next day it went up another nine percent now
This volatility is very very high in terms of one-day jump but then if you look at the track record of the tesla stock it goes up and down right sometimes it was at like $350 so right now it’s not as high as high even so the whole idea of this came from buying apple stock because if you bought apple stock long time ago instead of buying let’s say a macbook pro you
Could have earned many many multiples more than the value of the ipod itself so this is where i got the idea i’m like well if i want to have a tesla which is a desirable thing to have i was thinking well why don’t i buy tesla stock in order to do so i am willing to pay as much as the car itself i’m not actually spending this i am just investing roughly that amount
Into the tesla stock hoping that it’s gonna go up and then i can sell the stock and then actually buy the car relatively for free right this is really investment gains so on november 20th 2017 this is roughly about couple months after i quit my job i’m like hey i need something to do oh why don’t i invest in tesla stock so on that day i went to i bought a hundred
Shares of tesla and i set out to try to make enough to buy a tesla itself now it’s important for me to explain how i arrived at my current strategy of trading because sometimes people just buy stock and then they just hold forever and then they see the stock go up and down up and down and then eventually they don’t make all that much because they made money going
Up they lose money going down and then they keep on holding it so what i wanted to do was do something that was a shorter term and not exactly day trading because that’s very very stressful to me and i personally did not want to look at the stock every single day now i also want to say that this strategy that i’m outlining here it might not work for everybody
Because sometimes people are really good at day trading some people they don’t even want to buy and sell every few months this is what i’m doing i just kind of recreationally look at tesla stock every once in a while i would look at the news on tesla some big news comes out just like a couple days ago they said oh they make profits i actually didn’t even look at
Tesla until one day after the earnings release came on and i’m like wow look at that it went up 20% great and then by the time i looked at it it already wind up like 25% or something like that so i’m like oh it went up you know maybe it’s time to sell so here are the various strategies that i personally follow and i want to share these with you guys because i feel
Like this is very portable you can take what you learn from this video and apply it yourself go buy some stock and possibly earn yourself a tesla as well so i’m gonna cover seven points that i just jot down it would outline the style i am doing which is basically to buy and sell not every day but rather every few weeks the first thing i do not do is i do not short
Sell because i’ve done this before and i got myself in trouble because i’ve gotten morgan calls before where he goes oh we need a few more thousand dollars and then the stock kept on going down and then they kept on asking me more and more money and then i was just hurting i had to keep on putting more money in and also at the same time i did not like the fact that
When you borrow on margin you have to pay the brokerage account certain interest rate and yes you can write this interest off but then it still hurts a lot in order to pay you know i think it was paying like 8% to eat rate after i you know cleared out this whole short-selling business thing i decided i’m not gonna do short selling anymore i’m just going to buy the
Stock you know clear out front if i don’t have the money i’m not going to go and buy options or anything i’m just gonna buy the stock itself and i’m gonna hold it until it goes up and if it goes up i’m gonna sell it if it doesn’t i’m gonna hold it for some more time longer the second method as i talked about is i do a slow swing trading thing now what is swing
Trading swing trading is when you try to buy and sell on the timeframe of couple a day so you’re not going to actually do a day trade you’re not gonna buy and sell within the same day so one day you buy and then a couple days later maybe it went up and then you go okay i’m gonna sell it and then maybe it goes down so then the frequency of buy and sells is on the
Order of days so i did not want to do that because you know sometimes i am gone camping for a couple of days i don’t want to keep on looking at you know stock poof rollio while i am in the woods so instead i want to do it in the order of months i want to be more relaxed and i feel like this fits my personal lifestyle a lot better rather than being in this stressful
Day trading type of thing or even swing trading over the course of several days the third strategy point here is i don’t look at the stock news every single day i only look at it when there is some major news that breaks out and i look at it emily oh something happened okay let me go on trade so sometimes when i wanted to trade i might even forget the same day so
It’s kind of like a lazy type of trade thing it’s like i have an idea oh i think it’s kind of high oh why don’t i try to sell it within the next few days for me i don’t worry about it going up another percentage or three even i feel like for any type of trader you can actually trade according to your own speed you can trade as fast as you want you can trade like
Within the same hour you can trade within the same ten-minute band you can trade within days you can trade within every single week right it’s up to you really and i feel like the shorter a time frame that you try to trade and make money the more stressful it is and i feel like i wanted to settle in on the order of weeks and this makes my stress level goes way
Down because i am not stressed out about trading you know within a certain time period but the fourth thing i do is i trade very objectively or at least i try to everyone has all their emotions right but this is how i contain my personal emotions right now we saw tesla go upright a lot of people would go oh my gosh you just saw great news they made a profit they
Came up 20% plus another 8% so 28 29 % and my emotion things that i should keep on holding on to it because it’s just gonna go up some more maybe it’s gonna go up another 50% more it’s just gonna skyrocket so i’m gonna you know have more and more profits so the greedy person in me thinks i should keep it and i should not sell any of it but what i’ve learned about
Myself is if i get into this greedy mode i should go okay you know what i should step back a little bit and and not be as greedy i’m gonna sell half of it okay so this is exactly what i did i go against my own emotions i guess and i sell it anyway because it went up i can take a profit now so i’m gonna take a little bit of a profit just the idea here is to take a
Little bit don’t go all in don’t go oh i’m gonna wait for it to go up some more and hold on to all of the gains that you already made because it could very well go down sometimes when it goes down you almost think that this is the bottom i should just buy you know put everything that you have in it so what i do is i try to think however low it is it might go down
Some more so what i would do is i just buy a little bit and then if it goes down some more i’m gonna buy some more if it goes down a little bit and you think that it’s probably gonna go down some more you should not hold off on buying a little bit of it so what you do is you catch yourself thinking it’s gonna go down some more and then you’re gonna profit so if it
Goes down a little bit you buy a little bit maybe it that’s the bottom so you know you go in with this thinking that you don’t know what’s gonna happen next no matter how you feel about the stock no matter what the news comes out to get in on the stock to have something so that you can sell when it does go up so this is exactly what i did i held on to some test
Vostok i waited around very patiently for you know many many months almost a year and then finally it popped up i’m like hey you know i have some tesla stock i have some to sell now i can make some profit the fifth point i want to make is because you’re not shorting in a stock you always want to get in on a stock that you think is gradually gonna increase i am a tesla
Bull i think tesla has a good future they make great cars and it’s only gonna get better and better so you know whatever it doesn’t really matter what my opinion on the tesla stock is but with this method what you want to do is pick a stock that you think has a long term perspective that is very good that is gonna increase in price because you are not going to short
Sell this thing you’re only gonna buy and hold however long so you are not forced to sell i just think that this stock fundamentally is good so when you buy and hold it you can just go i’m not gonna sell right now i’m just gonna hold on for like a year or two it doesn’t matter and it’s not gonna cost you any interest in order to hold on to this because you bought
It outright so you just hold on to this wait for it to go up and then you know you can sell a little bit when it goes up if it goes down there’s no worries you can just hold on to it for a little bit longer the sixth thing i do with this strategy is i hold on to all of these stocks within my retirement account so i can buy and sell all i want and i don’t have to
Incur any kind of short-term or long-term capital gains so within your 401k or whatever i would recommend to not go too crazy right you shouldn’t be buying like more than 10% of anything of your total portfolio into any single stock so this ties in with my seventh point with this is speculative investing here i happen to do well and historically i did okay with this
Tesla stock i did very very well stew what i recommend is do it with a small portion of your total portfolio so with i said i’m gonna go over the trades i actually did here is a screen capture from my brokerage count all the bison cells and you can see i did not do that many buys themselves in total only six of them only because i buy 100 shares at a time because
It’s a full block and you know it’s not that annoying and the execution goes a lot faster when you buy one hundred at a time so on november 20th i bought 100 shares this is the day i thought i’m gonna buy something and i want to make enough money to buy a tesla so i held on to it and then it goes up and down right and in september 7th 2018 almost 10 months later i
Bought another hundred shares because it went down a little bit and went down about $45 ok i’ll load up another hundred shares that’s ok two months later in november 7 2018 i sold 100 shares because it went up a little bit it went up to 300 $45 this is higher than my highest buy in price so right there i realized a gain of three thousand eight hundred sixty-four
Dollars using the first in first out method that is whatever i sold i sell whatever i bought first this is typical of the waste brokerage account accounts for your cost basis and then after i sell and this is a critical point here it was only four short months after i sold on the march 18th 2019 that it actually went down to $270 this is significant right it went
Down $75 from you know when i sold it so i’m like okay it went down so why don’t i buy it some more so this is the whole idea it goes up i sell a little bit if it goes down i buy a little bit so it went down and i bought a little bit more at $270 total it cost me $27,000 for a hundred shares and then two short months after this in may 22nd 2019 i bought another
100 shares for one hundred ninety-four dollars for a total of 19 thousand four hundred eighty two dollars now wow this is like almost at the bottom right if you look at the past 12 months it’s a pretty good catch at the time you know i didn’t know it was gonna go down some more or what so i went lightly i only bought a hundred shares more i could have bought more
But the idea here is you can’t be too greedy alright i bought a hundred shares i’m lucky to even have a hundred shares at you know one hundred ninety-four dollars so then that was the last trade i did until the last big run-up right on october 25th 2019 it popped up 20 plus 8% it went up all the way to 322 dollars and 35 cents i thought well this is a pretty good
Time to sell so i thought i’d sell half of it 150 shares at 322 dollars i took in $48,000 so with a profit of eight thousand six hundred twenty four dollars the total realized gains over here so far is 12 thousand four hundred eighty eight dollars the current cost basis if you add up of all the shares i still own that i did not sell yet check out the cost paces
Of all of those it would be $219 and eighty-eight cents it cost me thirty two thousand nine hundred eighty two dollars to own all of this and the current value right now is three hundred twenty-eight dollars or so i have 150 shares which means it’s 58 thousand dollars so the total unrealized gains is twenty five thousand $112 so if you add up the realized gains
And the unrealized i have a total of 37 thousand six hundred dollars of total gains now let me contrast this with a buy and hold strategy if i initially just buy a hundred fifty shares at three hundred seven dollars and then you know i wait for it to go down and then wait for it to go up i would have made seven percent now i kind of did a slow swing trade thing
Holding anywhere between 100 and 300 shares you can kind of estimate you know i made a pretty good gain here thirty-seven thousand dollars worth of profit and i didn’t hold that much you can argue depending on how many shares i held because i held different amount of shares at different times you know i estimate around 84 percent gain here but this is not important
The important part here is i did not put in that much money myself in order to get this gained so i just kind of like bought and sold as i saw fit now what does it take home lesson i want to convey here in order for you to do the same thing maybe you can go and earn enough to buy a tesla as well maybe you can employ the same method and do the same thing with a
Minimal number amount of money that you have to put in yourself right now i feel like the environment is people think the tesla stock is do very well they just made a profit the news came out so a lot of people are very bullish about the stock they just think oh it’s just gonna go to the sky i personally think so too but well i noticed from my experience is no
Matter how good the current news is there’s always something there’s always something that comes out maybe another tesla car is gonna explode they go oh my gosh there’s gonna be so much liability always something like that is gonna come out so while this week you know it’s very rosy and stuff next week it might just go down but i have a long-term perspective that
It’s gonna go at the same time i want to profit from all these wild swings that it goes up and down so this is the reason why i hold long term and at the same time i buy and sell small chunks of it in order to gain all these realized gains so right now i can tell you i hold 150 shares of it it can go down you guys can make fun of me if it goes down to $250 in a
Month or something people are gonna comment on this video and go haha you know you lost money but my position is yes it’s gonna go up and down if it goes up i’m gonna sell some more if it goes down i’m gonna buy some more so you know you cannot really make a final judgment call on if i actually lost on this or not right now i can actually sell this stock and go
And buy the tesla model 3 with $37,000 which is the base cost of that model 3 now i have to say now that i have this game enough to buy the car i actually have a car already and i thought that maybe i should not buy the car yet maybe i have to wait for my car to completely not function first before i go and buy a brand new car i am hesitant because the car itself
It things easily number two if i buy the car my insurance will go up so i know it’s a luxury item if i buy i can you know bask myself in all this brand-new technology i can ride and round in an electric car and i don’t have to pay for gas anymore so there’s a lot of perks to it maybe if my car completely breaks down and then i need a brand new car i might get
It but for now it’s very nice to know that i can have the car the money is just sitting there ready for me to buy the if i ever need it – some of you might go oh it’s locked into your 401k to me i don’t think of it that way because i have money i have cash outside of my 401k if it’s better to leave that money in there for now it’s okay because i look at my total
Net worth not how much is in my retirement cap how much is my in my brokerage account so thanks for watching this video i hope this gives you some ideas on how to do a slow swing trade this is the preferred method i currently am doing with my speculative money don’t forget to give me a like on this video comment down below let me know what you think of it if you
Actually profit it from the recent upswing of the tesla stock and as always don’t forget to push that subscribe button and ring that bell icon thanks for watching
Transcribed from video
How I Earned a Tesla Trading Tesla Stock By BeatTheBush
